EU as a global actor
Authors: Hasan Ehtisham and Usman Ali Khan
"I think [NATO’s expansion] is the beginning of a new cold war. "I think the Russians will gradually react quite adversely and it will affect their policies. I think it is a tragic mistake. There was no reason for this whatsoever. No one was threatening anybody else. This expansion would make the Founding Fathers of this country turn over in their graves. We have signed up to protect a whole series of countries, even though we have neither the resources nor the intention to do so in any serious way. NATO expansion was simply a light-hearted action by a Senate that has no real interest in foreign affairs."--George Kennan
Russia has been looking for right opportunities to regain its lost status as super power by resorting o all sorts of combinations and permutations with some success. President Putin could not make much of his open support for the USA over Sept 11. Later, Russian actions in Crimea further complicated its relations with USA wanting to control entire Europe as the winner of World war and Cold war.
Over the last few years international media, diplomats and strategic experts across the world have much debated the possibility of the Cold War returning. The post-Cold War international system demonstrates that the United States holds the title of sole superpower, with Russia continually attempting to resurrect her former glory.
According to a well-known Italian Research Centre, from 2003 to 2014 the European single currency cost an 11% GDP reduction throughout the Eurozone and 18 million additional unemployed people. Conversely, as a result of the Maastricht agreement only, throughout the Eurozone we have lost 8 million jobs and an additional 5% of Gross Domestic Product, owing to the obligation to eliminate deficit and cut investment.